Bitcoin.com Paper Wallet

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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talented reddheads for hire

The reddmarket: talented reddheads for hire, offer your services here and get paid in Reddcoin! For you rich reddheads, post a want ad to hire a fellow reddhead! This subreddit is being overhauled at the moment considering the last post was from 2 years ago an many changes have occurred.
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Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

ColossusXT Q2 2020 AMA Ends!

Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is: ookhimself
Congratulations. I will send you a DM on Reddit.
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Q: Why does your blockchain exist and what makes it unique?
A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
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Q: What is the Colossus Grid?
A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
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Q: Is there any estimated date for the grid? What will set you apart from the opposition?
A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
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Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available?
A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
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Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks.
A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
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Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken?
A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
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Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project?
A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
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Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again?
A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
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Q: When can we expect the grid to come out?
A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
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Q: Can you tell the current budget for development work?
A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
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Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness.
A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
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Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately?
A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
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Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero?
A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
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Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages?
A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
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Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network?
A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
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Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power?
A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
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Q: Do you have any new exchange listings planned in the near future?
A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
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Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table?
A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
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Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT?
A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
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Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?

A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards?
Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain?
Hope this wasn’t too many questions in one :), Ahmed

A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
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Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most?
A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
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Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?

A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
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Q: How will you fight with regulators who are trying to stop privacy coins?

A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?

A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
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Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY
A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
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Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition.
A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
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Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid
A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
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Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?

A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
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Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this?
A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
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Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
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Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
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Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project?
A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
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Q: Do you have any special development funds for programmers?
A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
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Q: Why Android Wallet Revision hasn't been done? Any problems?
A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020.
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Q: Whats the second biggest milestone other than the grid network for COLX team?
A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
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Q: How is COLX team going to contribute to crypto adoption, other than building a robust network?
A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
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Q: Are their industry partners to COLX that are awaiting your network to go live?
A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders.
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Q: The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis?
A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically.
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Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net?
A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
  1. Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
  2. The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
  3. Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
  4. They allow the community voting option of only truly decentralized projects after a thorough screening.
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Q: Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers.
A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies.
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Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks.
A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live.
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Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC?
A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests.
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Q: Will you try to convince users to trade on tokens.net if so how will you do it?
A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net.
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Q: How will you try to create liquidity for your pairs?
A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid.
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Q: How big is a development team of #COLX?
A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers.
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Q: Do you have some security guys in the team?
A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years.
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Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it?
A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid.
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Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
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Follow ColossusXT on:
Twitter
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AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
submitted by PioyPioyPioy to ColossuscoinX [link] [comments]

Polkadot Launch AMA Recap

Polkadot Launch AMA Recap

The Polkadot Telegram AMA below took place on June 10, 2020

https://preview.redd.it/4ti681okap951.png?width=4920&format=png&auto=webp&s=e21f6a9a276d35bb9cdec59f46744f23c37966ef
AMA featured:
Dieter Fishbein, Ecosystem Development Lead, Web3 Foundation
Logan Saether, Technical Education, Web3 Foundation
Will Pankiewicz, Master of Validators, Parity Technologies
Moderated by Dan Reecer, Community and Growth, Polkadot & Kusama at Web3 Foundation

Transcription compiled by Theresa Boettger, Polkadot Ambassador:

Dieter Fishbein, Ecosystem Development Lead, Web3 Foundation

Dan: Hey everyone, thanks for joining us for the Polkadot Launch AMA. We have Dieter Fishbein (Head of Ecosystem Development, our business development team), Logan Saether (Technical Education), and Will Pankiewicz (Master of Validators) joining us today.
We had some great questions submitted in advance, and we’ll start by answering those and learning a bit about each of our guests. After we go through the pre-submitted questions, then we’ll open up the chat to live Q&A and the hosts will answer as many questions as they can.
We’ll start off with Dieter and ask him a set of some business-related questions.

Dieter could you introduce yourself, your background, and your role within the Polkadot ecosystem?

Dieter: I got my start in the space as a cryptography researcher at the University of Waterloo. This is where I first learned about Bitcoin and started following the space. I spent the next four years or so on the investment team for a large asset manager where I primarily focused on emerging markets. In 2017 I decided to take the plunge and join the space full-time. I worked at a small blockchain-focused VC fund and then joined the Polkadot team just over a year ago. My role at Polkadot is mainly focused on ensuring there is a vibrant community of projects building on our technology.

Q: Adoption of Polkadot of the important factors that all projects need to focus on to become more attractive to the industry. So, what is Polkadot's plan to gain more Adoption? [sic]

A (Dieter): Polkadot is fundamentally a developer-focused product so much of our adoption strategy is focused around making Polkadot an attractive product for developers. This has many elements. Right now the path for most developers to build on Polkadot is by creating a blockchain using the Substrate framework which they will later connect to Polkadot when parachains are enabled. This means that much of our adoption strategy comes down to making Substrate an attractive tool and framework. However, it’s not just enough to make building on Substrate attractive, we must also provide an incentive to these developers to actually connect their Substrate-based chain to Polkadot. Part of this incentive is the security that the Polkadot relay chain provides but another key incentive is becoming interoperable with a rich ecosystem of other projects that connect to Polkadot. This means that a key part of our adoption strategy is outreach focused. We go out there and try to convince the best projects in the space that building on our technology will provide them with significant value-add. This is not a purely technical argument. We provide significant support to projects building in our ecosystem through grants, technical support, incubatoaccelerator programs and other structured support programs such as the Substrate Builders Program (https://www.substrate.io/builders-program). I do think we really stand out in the significant, continued support that we provide to builders in our ecosystem. You can also take a look at the over 100 Grants that we’ve given from the Web3 Foundation: https://medium.com/web3foundation/web3-foundation-grants-program-reaches-100-projects-milestone-8fd2a775fd6b

Q: On moving forward through your roadmap, what are your most important next priorities? Does the Polkadot team have enough fundamentals (Funds, Community, etc.) to achieve those milestones?

A (Dieter): I would say the top priority by far is to ensure a smooth roll-out of key Polkadot features such as parachains, XCMP and other key parts of the protocol. Our recent Proof of Authority network launch was only just the beginning, it’s crucial that we carefully and successfully deploy features that allow builders to build meaningful technology. Second to that, we want to promote adoption by making more teams aware of Polkadot and how they can leverage it to build their product. Part of this comes down to the outreach that I discussed before but a major part of it is much more community-driven and many members of the team focus on this.
We are also blessed to have an awesome community to make this process easier 🙂

Q: Where can a list of Polkadot's application-specific chains can be found?

A (Dieter): The best list right now is http://www.polkaproject.com/. This is a community-led effort and the team behind it has done a terrific job. We’re also working on providing our own resource for this and we’ll share that with the community when it’s ready.

Q: Could you explain the differences and similarities between Kusama and Polkadot?

A (Dieter): Kusama is fundamentally a less robust, faster-moving version of Polkadot with less economic backing by validators. It is less robust since we will be deploying new technology to Kusama before Polkadot so it may break more frequently. It has less economic backing than Polkadot, so a network takeover is easier on Kusama than on Polkadot, lending itself more to use cases without the need for bank-like security.
In exchange for lower security and robustness, we expect the cost of a parachain lease to be lower on Kusama than Polkadot. Polkadot will always be 100% focused on security and robustness and I expect that applications that deal with high-value transactions such as those in the DeFi space will always want a Polkadot deployment, I think there will be a market for applications that are willing to trade cheap, high throughput for lower security and robustness such as those in the gaming, content distribution or social networking sectors. Check out - https://polkadot.network/kusama-polkadot-comparing-the-cousins/ for more detailed info!

Q: and for what reasons would a developer choose one over the other?

A (Dieter): Firstly, I see some earlier stage teams who are still iterating on their technology choosing to deploy to Kusama exclusively because of its lower-stakes, faster moving environment where it will be easier for them to iterate on their technology and build their user base. These will likely encompass the above sectors I identified earlier. To these teams, Polkadot becomes an eventual upgrade path for them if, and when, they are able to perfect their product, build a larger community of users and start to need the increased stability and security that Polkadot will provide.
Secondly, I suspect many teams who have their main deployment on Polkadot will also have an additional deployment on Kusama to allow them to test new features, either their tech or changes to the network, before these are deployed to Polkadot mainnet.

Logan Saether, Technical Education, Web3 Foundation

Q: Sweet, let's move over to Logan. Logan - could you introduce yourself, your background, and your role within the Polkadot ecosystem?

A (Logan): My initial involvement in the industry was as a smart contract engineer. During this time I worked on a few projects, including a reboot of the Ethereum Alarm Clock project originally by Piper Merriam. However, I had some frustrations at the time with the limitations of the EVM environment and began to look at other tools which could help me build the projects that I envisioned. This led to me looking at Substrate and completing a bounty for Web3 Foundation, after which I applied and joined the Technical Education team. My responsibilities at the Technical Education team include maintaining the Polkadot Wiki as a source of truth on the Polkadot ecosystem, creating example applications, writing technical documentation, giving talks and workshops, as well as helping initiatives such as the Thousand Validator Programme.

Q: The first technical question submitted for you was: "When will an official Polkadot mobile wallet appear?"

A (Logan): There is already an “official” wallet from Parity Technologies called the Parity Signer. Parity Signer allows you to keep your private keys on an air-gapped mobile device and to interactively sign messages using web interfaces such as Polkadot JS Apps. If you’re looking for something that is more of an interface to the blockchain as well as a wallet, you might be interested in PolkaWallet which is a community team that is building a full mobile interface for Polkadot.
For more information on Parity Signer check out the website: https://www.parity.io/signe

Q: Great thanks...our next question is: If someone already developed an application to run on Ethereum, but wants the interoperability that Polkadot will offer, are there any advantages to rebuilding with Substrate to run as a parachain on the Polkadot network instead of just keeping it on Ethereum and using the Ethereum bridge for use with Polkadot?

A (Logan): Yes, the advantage you would get from building on Substrate is more control over how your application will interact with the greater Polkadot ecosystem, as well as a larger design canvas for future iterations of your application.
Using an Ethereum bridge will probably have more cross chain latency than using a Polkadot parachain directly. The reason for this is due to the nature of Ethereum’s separate consensus protocol from Polkadot. For parachains, messages can be sent to be included in the next block with guarantees that they will be delivered. On bridged chains, your application will need to go through more routes in order to execute on the desired destination. It must first route from your application on Ethereum to the Ethereum bridge parachain, and afterward dispatch the XCMP message from the Polkadot side of the parachain. In other words, an application on Ethereum would first need to cross the bridge then send a message, while an application as a parachain would only need to send the message without needing to route across an external bridge.

Q: DOT transfers won't go live until Web3 removes the Sudo module and token holders approve the proposal to unlock them. But when will staking rewards start to be distributed? Will it have to after token transfers unlock? Or will accounts be able to accumulate rewards (still locked) once the network transitions to NPoS?

A (Logan): Staking rewards will be distributed starting with the transition to NPoS. Transfers will still be locked during the beginning of this phase, but reward payments are technically different from the normal transfer mechanism. You can read more about the launch process and steps at http://polkadot.network/launch-roadmap

Q: Next question is: I'm interested in how Cumulus/parachain development is going. ETA for when we will see the first parachain registered working on Kusama or some other public testnet like Westend maybe?

A (Logan): Parachains and Cumulus is a current high priority development objective of the Parity team. There have already been PoC parachains running with Cumulus on local testnets for months. The current work now is making the availability and validity subprotocols production ready in the Polkadot client. The best way to stay up to date would be to follow the project boards on GitHub that have delineated all of the tasks that should be done. Ideally, we can start seeing parachains on Westend soon with the first real parachains being deployed on Kusama thereafter.
The projects board can be viewed here: https://github.com/paritytech/polkadot/projects
Dan: Also...check out Basti's tweet from yesterday on the Cumulus topic: https://twitter.com/bkchstatus/1270479898696695808?s=20

Q: In what ways does Polkadot support smart contracts?

A (Logan): The philosophy behind the Polkadot Relay Chain is to be as minimal as possible, but allow arbitrary logic at the edges in the parachains. For this reason, Polkadot does not support smart contracts natively on the Relay Chain. However, it will support smart contracts on parachains. There are already a couple major initiatives out there. One initiative is to allow EVM contracts to be deployed on parachains, this includes the Substrate EVM module, Parity’s Frontier, and projects such as Moonbeam. Another initiative is to create a completely new smart contract stack that is native to Substrate. This includes the Substrate Contracts pallet, and the ink! DSL for writing smart contracts.
Learn more about Substrate's compatibility layer with Ethereum smart contracts here: https://github.com/paritytech/frontier

Will Pankiewicz, Master of Validators, Parity Technologies


Q: (Dan) Thanks for all the answers. Now we’ll start going through some staking questions with Will related to validating and nominating on Polkadot. Will - could you introduce yourself, your background, and your role within the Polkadot ecosystem?

A (Will): Sure thing. Like many others, Bitcoin drew me in back in 2013, but it wasn't until Ethereum came that I took the deep dive into working in the space full time. It was the financial infrastructure aspects of cryptocurrencies I was initially interested in, and first worked on dexes, algorithmic trading, and crypto funds. I really liked the idea of "Generalized Mining" that CoinFund came up with, and started to explore the whacky ways the crypto funds and others can both support ecosystems and be self-sustaining at the same time. This drew me to a lot of interesting experiments in what later became DeFi, as well as running validators on Proof of Stake networks. My role in the Polkadot ecosystem as “Master of Validators” is ensuring the needs of our validator community get met.

Q: Cool thanks. Our first community question was "Is it still more profitable to nominate the validators with lesser stake?"

A (Will): It depends on their commission, but generally yes it is more profitable to nominate validators with lesser stake. When validators have lesser stake, when you nominate them this makes your nomination stake a higher percentage of total stake. This means when rewards get distributed, it will be split more favorably toward you, as rewards are split by total stake percentage. Our entire rewards scheme is that every era (6 hours in Kusama, 24 hours in Polkadot), a certain amount of rewards get distributed, where that amount of rewards is dependent on the total amount of tokens staked for the entire network (50% of all tokens staked is currently optimal). These rewards from the end of an era get distributed roughly equally to all validators active in the validator set. The reward given to each validator is then split between the validators and all their nominators, determined by the total stake that each entity contributes. So if you contribute to a higher percentage of the total stake, you will earn more rewards.

Q: What does priority ranking under nominator addresses mean? For example, what does it mean that nominator A has priority 1 and nominator B has priority 6?

A (Will): Priority ranking is just the index of the nomination that gets stored on chain. It has no effect on how stake gets distributed in Phragmen or how rewards get calculated. This is only the order that the nominator chose their validators. The way that stake from a nominator gets distributed from a nominator to validators is via Phragmen, which is an algorithm that will optimally put stake behind validators so that distribution is roughly equal to those that will get in the validator set. It will try to maximize the total amount at stake in the network and maximize the stake behind minimally staked validators.

Q: On Polkadot.js, what does it mean when there are nodes waiting on Polkadot?

**A (Will):**In Polkadot there is a fixed validator set size that is determined by governance. The way validators get in the active set is by having the highest amount of total stake relative to other validators. So if the validator set size is 100, the top 100 validators by total stake will be in the validator set. Those not active in the validator set will be considered “waiting”.

Q: Another question...Is it necessary to become a waiting validator node right now?

A (Will): It's not necessary, but highly encouraged if you actively want to validate on Polkadot. The longer you are in the waiting tab, the longer you get exposure to nominators that may nominate you.

Q: Will current validators for Kusama also validate for Polkadot? How strongly should I consider their history (with Kusama) when looking to nominate a good validator for DOTs?

A (Will): A lot of Kusama validators will also be validators for Polkadot, as KSM was initially distributed to DOT holders. The early Kusama Validators will also likely be the first Polkadot validators. Being a Kusama validator should be a strong indicator for who to nominate on Polkadot, as the chaos that has ensued with Kusama has allowed validators to battle test their infrastructure. Kusama validators by now are very familiar with tooling, block explorers, terminology, common errors, log formats, upgrades, backups, and other aspects of node operation. This gives them an edge against Polkadot validators that may be new to the ecosystem. You should strongly consider well known Kusama validators when making your choices as a nominator on Polkadot.

Q: Can you go into more details about the process for becoming a DOT validator? Is it similar as the KSM 1000 validators program?

A (Will): The Process for becoming a DOT validators is first to have DOTs. You cannot be a validator without DOTs, as DOTs are used to pay transaction fees, and the minimum amount of DOTs you need is enough to create a validate transaction. After obtaining enough DOTs, you will need to set up your validator infrastructure. Ideally you should have a validator node with specs that match what we call standard hardware, as well as one or more sentry nodes to help isolate the validator node from attacks. After the infrastructure is up and running, you should have your Polkadot accounts set up right with a stash bonded to a controller account, and then submit a validate transaction, which will tell the network your nodes are ready to be a part of the network. You should then try and build a community around your validator to let others know you are trustworthy so that they will nominate you. The 1000 validators programme for Kusama is a programme that gives a certain amount of nominations from the Web3 Foundation and Parity to help bootstrap a community and reputation for validators. There may eventually be a similar type of programme for Polkadot as well.
Dan: Thanks a lot for all the answers, Will. That’s the end of the pre-submitted questions and now we’ll open the chat up to live Q&A, and our three team members will get through as many of your questions as possible.
We will take questions related to business development, technology, validating, and staking. For those wondering about DOT:
DOT tokens do not exist yet. Allocations of Polkadot's native DOT token are technically and legally non-transferable. Hence any publicized sale of DOTs is unsanctioned by Web3 Foundation and possibly fraudulent. Any official public sale of DOTs will be announced on the Web3 Foundation website. Polkadot’s launch process started in May and full network decentralization later this year, holders of DOT allocations will determine issuance and transferability. For those who participated in previous DOT sales, you can learn how to claim your DOTs here (https://wiki.polkadot.network/docs/en/claims).


Telegram Community Follow-up Questions Addressed Below


Q: Polkadot looks good but it confuses me that there are so many other Blockchain projects. What should I pay attention in Polkadot to give it the importance it deserves? What are your planning to achieve with your project?

A (Will): Personally, what I think differentiates it is the governance process. Coordinating forkless upgrades and social coordination helps stand it apart.
A (Dieter): The wiki is awesome - https://wiki.polkadot.network/

Q: Over 10,000 ETH paid as a transaction fee , what if this happens on Polkadot? Is it possible we can go through governance to return it to the owner?

A: Anything is possible with governance including transaction reversals, if a network quorum is reached on a topic.
A (Logan): Polkadot transaction fees work differently than the fees on Ethereum so it's a bit more difficult to shoot yourself in the foot as the whale who sent this unfortunate transaction. See here for details on fees: https://w3f-research.readthedocs.io/en/latest/polkadot/Token%20Economics.html?highlight=transaction%20fees#relay-chain-transaction-fees-and-per-block-transaction-limits
However, there is a tip that the user can input themselves which they could accidentally set to a large amount. In this cases, yes, they could proposition governance to reduce the amount that was paid in the tip.

Q: What is the minimum ideal amount of DOT and KSM to have if you want to become a validator and how much technical knowledge do you need aside from following the docs?

A (Will): It depends on what the other validators in the ecosystem are staking as well as the validator set size. You just need to be in the top staking amount of the validator set size. So if its 100 validators, you need to be in the top 100 validators by stake.

Q: Will Web3 nominate validators? If yes, which criteria to be elected?

A (Will): Web 3 Foundation is running programs like the 1000 validators programme for Kusama. There's a possibility this will continue on for Polkadot as well after transfers are enabled. https://thousand-validators.kusama.network/#/
You will need to be an active validator to earn rewards. Only those active in the validator set earn rewards. I would recommend checking out parts of the wiki: https://wiki.polkadot.network/docs/en/maintain-guides-validator-payout

Q: Is it possible to implement hastables or dag with substrate?

A (Logan): Yes.

Q: Polkadot project looks very futuristic! But, could you tell us the main role of DOT Tokens in the Polkadot Ecosystem?

A (Dan): That's a good question. The short answer is Staking, Governance, Bonding. More here: http://polkadot.network/dot-token

Q: How did you manage to prove that the consensus protocol is safe and unbreakable mathematically?

A (Dieter): We have a research teams of over a dozen scientists with PhDs and post-docs in cryptography and distributed computing who do thorough theoretical analyses on all the protocols used in Polkadot

Q: What are the prospects for NFT?

A: Already being built 🙂

Q: What will be Polkadot next roadmap for 2020 ?

A (Dieter): Building. But seriously - we will continue to add many more features and upgrades to Polkadot as well as continue to strongly focus on adoption from other builders in the ecosystem 🙂
A (Will): https://polkadot.network/launch-roadmap/
This is the launch roadmap. Ideally adding parachains and xcmp towards the end of the year

Q: How Do you stay active in terms of marketing developments during this PANDEMIC? Because I'm sure you're very excited to promote more after this settles down.

A (Dan): The main impact of covid was the impact on in-person events. We have been very active on Crowdcast for webinars since 2019, so it was quite the smooth transition to all-online events. You can see our 40+ past event recordings and follow us on Crowdcast here: https://www.crowdcast.io/polkadot. If you're interested in following our emails for updates (including online events), subscribe here: https://info.polkadot.network/subscribe

Q: Hi, who do you think is your biggest competitor in the space?

A (Dan): Polkadot is a metaprotocol that hasn't been seen in the industry up until this point. We hope to elevate the industry by providing interoperability between all major public networks as well as private blockchains.

Q: Is Polkadot a friend or competitor of Ethereum?

A: Polkadot aims to elevate the whole blockchain space with serious advancements in interoperability, governance and beyond :)

Q: When will there be hardware wallet support?

A (Will): Parity Signer works well for now. Other hardware wallets will be added pretty soon

Q: What are the attractive feature of DOT project that can attract any new users ?

A: https://polkadot.network/what-is-polkadot-a-brief-introduction/
A (Will): Buidling parachains with cross chain messaging + bridges to other chains I think will be a very appealing feature for developers

Q: According to you how much time will it take for Polkadot to get into mainstream adoption and execute all the plans set for this project?

A: We are solving many problems that have held back the blockchain industry up until now. Here is a summary in basic terms:
https://preview.redd.it/ls7i0bpm8p951.png?width=752&format=png&auto=webp&s=a8eb7bf26eac964f6b9056aa91924685ff359536

Q: When will bitpie or imtoken support DOT?

A: We are working on integrations on all the biggest and best wallet providers. ;)

Q: What event/call can we track to catch a switch to nPOS? Is it only force_new_era call? Thanks.

A (Will): If you're on riot, useful channels to follow for updates like this are #polkabot:matrix.org and #polkadot-announcements:matrix.parity.io
A (Logan): Yes this is the trigger for initiating the switch to NPoS. You can also poll the ForceEra storage for when it changes to ForceNew.

Q: What strategy will the Polkadot Team use to make new users trust its platform and be part of it?

A (Will): Pushing bleeding edge cryptography from web 3 foundation research
A (Dan): https://t.me/PolkadotOfficial/43378

Q: What technology stands behind and What are its advantages?

A (Dieter): Check out https://polkadot.network/technology/ for more info on our tech stack!

Q: What problems do you see occurring in the blockchain industry nowadays and how does your project aims to solve these problems?

A (Will): Governance I see as a huge problem. For example upgrading Bitcoin and making decisions for changing things is a very challenging process. We have robust systems of on-chain governance to help solve these coordination problems

Q: How involved are the Polkadot partners? Are they helping with the development?

A (Dieter): There are a variety of groups building in the Polkadot ecosystem. Check out http://www.polkaproject.com/ for a great list.

Q: Can you explain the role of the treasury in Polkadot?

A (Will): The treasury is for projects or people that want to build things, but don't want to go through the formal legal process of raising funds from VCs or grants or what have you. You can get paid by the community to build projects for the community.
A: There’s a whole section on the wiki about the treasury and how it functions here https://wiki.polkadot.network/docs/en/mirror-learn-treasury#docsNav

Q: Any plan to introduce Polkadot on Asia, or rising market on Asia?

**A (Will):**We're globally focused

Q: What kind of impact do you expect from the Council? Although it would be elected by token holders, what kind of people you wish to see there?

A (Will): Community focused individuals like u/jam10o that want to see cool things get built and cool communities form

If you have further questions, please ask in the official Polkadot Telegram channel.
submitted by dzr9127 to dot [link] [comments]

Cardano is not just a Wallet

From time to time, somewhere on social media, the FUD appears about the Cardano project. We can see opinions like “Cardano is just a wallet”, “Cardano never launches main-net”, “PoS will never work”, or “it’s just white-paper”. These are all opinions based on impatience, ignorance of the depth and complexity of the project, or the inability to objectively assess the matter. Often, this FUD is caused intentionally by supporters of a competing project. Just to make competitors more relevant.
Let’s look at some facts in today’s article.
Cardano is a very complex project
Cardano is the first project that is based on formal method development and it is built as a mission-critical project. The IOHK team has done thorough research on all areas related to blockchain and distributed networks. The team studied existing works and sought the best solutions to technical problems in a real environment. The team has published many scientific studies that have undergone a rigorous review and today have countless citations. The team starts production software development only after the specifications are available. The critical parts of the project are written in Haskell. Haskell is a functional programming language that doesn’t allow any side-effects.
Blockchain incorporates technological, economic and social components. It is a system that aims to replace the current financial system and compete with the current IT giants. Such a project cannot be done just by giving you a bunch of programmers to make you a mix of Bitcoin and Ethereum. Without an emphasis on overall quality and details, such a system will never work reliably in the long term. On the other hand, such a project can be delivered in just one year. Do we need it?
Cardano took a different and more challenging path. If the team simply delivered another blockchain, it would rank among hundreds of similar projects. It was necessary to put together experts to cryptography, software security, distributed networking, threat modeling, protocol design, game theory, operating systems, designers of programming languages, economy, and of course, software architects and programmers. All these people had to work together to deliver the network that would be great in all respects. These are people who are respected leaders in their field and often at the top of their careers.
If one network is to serve the whole world, it must be capable of global scalability. It must never stop and allow all people on the planet to freely engage in network consensus. Including cheaters. Such a network will be massively attacked. Cardano must endure it and continue to function smoothly. It is a more complex task than you might think. And believe me, there are not many people in the world who could fully understand that in all details.
It takes a lot of time and effort to build such a project. No existing project is capable of mass adoption and is at the same time demonstrably secure and sustainable in the long term. Cardano will be. Global, open, public, permissionless networks are brand new. There was nothing like that before Bitcoin. The first generation of cryptocurrencies suffers from technological imperfection. Often they are in the experimental phase and are improving in full operation. In the case of Bitcoin, everybody is scared to change the first layer, as there is a legitimate concern that something will fail. The second layer can improve something, but it will always creak. The quality of the project is directly related to the quality of the team and the time spent on research, experimentation, implementation, and testing. These phases can’t be underestimated or omitted. If you do, it will fire back at you later. We can see thousands of projects on CoinMarketCap, but few are worth the attention. In ten years, there will be maybe only three of them.
Transparency
Cardano is one of the most transparent projects in the crypto. CEO of IOHK, Charles Hoskinson, does AMA and status updates very often. Sometimes several times in one month. During AMA you can ask him literally what you want. Other team members have recently started updating us as well. Cardano, as one of the few projects, has all its scientific works publicly available. Anyone can look into them and critically review the content. The number of works increases regularly. If anyone has doubts about the quality of the project, they can try to find some mistakes in these works. And believe me, it will be hard.
This work by itself has already pushed the crypt forward by a great deal. So far, nobody has worked out exactly what the ledger is and how it should work, whether PoW is really safe, how to write smart contracts safely, how to create a sustainable economic model, etc. All other projects can benefit from this work.
Do not believe that? Well, we can give you one of the many possible examples. Aggelos Kiayias is the chair in cybersecurity and privacy at the University of Edinburgh. His research interests are in computer security, information security, applied cryptography, and foundations of cryptography with a particular emphasis on blockchain technologies and distributed systems, e-voting and secure multiparty protocols, as well as privacy and identity management. He joined IOHK in 2017 as a chief scientist through a long-term consulting agreement between IOHK and the University of Edinburgh, where he is also the director of the Blockchain Technology Laboratory. Aggelos is one of the brains behind Ouroboros PoS. It is relatively easy to find the works in which he participated and the number of citations.
You can just open any scientific paper from IOHK, check the list of authors and find the number of citations. You can also easily verify there is no competitor in the whole crypto. Of course, the important thing is to get the scientific work into the source code. And that happens. You can check out GitHub for all the project repositories.
Be careful, many people and aggregation sites for some reason only look at the cardano-sl repository. Look at them all!
We understand that if you are not a programmer, it will be difficult to judge the quality of code. You just have to educate yourself here if you really want to know what is going on on GitHub. Activity is compared by the number of commits, which is some modification of the source code. Usually, a new piece is added or something old is deleted.
You can easily look at the details of each repository. You can see how many people are actively developing the code, you can see what they are working on, how often they add changes, and more. Let’s have a look at the Ouroboros-network repository.
Shelley protocol is written in Haskell. The quality and activity of the project can also be judged well by the number of new and already solved issues.
If you are in any doubt about any project, learn how to read GitHub activity. In the case of the Cardano project, be absolutely calm. The activity is one of the highest, if not absolutely highest, in the entire crypto-sphere. If anyone tells you otherwise, please refer to the IOHK library and GitHub. You can even check out the site where all the Cardano GitHub data is altogether.
Delays are usual in software development
We have already talked about how complex the Cardano project is. Believe me, delays are a common thing when creating software. There are plenty of well-described reasons for that. Every software engineer could confirm that. Let’s dive into it just a bit.
An accurate estimate during making a software plan is nearly impossible. You always have a bunch of items and tasks for a bunch of engineers. Tasks often overlap and depend on each other. To make it worse, tasks are mostly abstract and it is often hard to predict all possible obstacles. You can measure the performance of the team to improve time estimates but still, you never know when a plan is going to fail due to unexpected problems. Team members have to work together years to have solid certainty about all estimates. Cardano team is international so coordination might a bit more demanding. When some small and seemingly unnecessary tasks are skipped at the beginning, it can happen that there will be unexpected delays just because they have to be handled later. And sometimes, plan or priorities changes.
Many engineers are very optimistic when asked how long some tasks could take. They are often wrong. In reality, tasks are usually more complex than engineers think. Team members change over time. IT gurus are a special kind. They like to change jobs very often. If a team expert leaves the team, it may take longer to find an adequate replacement. This also causes a delay. The IOHK team has a lot of members.
Delivering 90% of functionality can be relatively easy compared to the last 10%. The biggest problems can arise at the end of development when all the individual components are tested together. Problems encountered at the end of development must be addressed. This often means changing a lot of things or redesigning something. Testing itself is very demanding as a global network must be simulated or the setup. In addition, the software must run on different versions of operating systems.
Let’s have a look at some famous software delays. Mac OS X was developed under the name Rhapsody and it was 1997. Version 1 release arrived after 4 years. Windows Vista was originally planned to ship in 2003. Thre was 3 years delay.
If you look for more examples, you will find many. A project like Cardano can’t simply be done in a year or two. If Shelley is launched this year, it will actually be very fast. If you look at examples from the crypto-world, you will see a big delay in the delivery of Ethereum 2.0. Count how long the Lightning Network has been built. And look at how many errors and failures we’ve seen. These failures have often led to large financial losses. If you were looking for reasons, you would find that it is caused by a badly designed or implemented software.
Of course, it is in the best interest of the team to deliver Cardano to the market as quickly as possible. But certainly not at the cost of technical imperfections. This is not a race against time. A year or two has almost no role if we can see a really good and functional, secure network capable of mass adoption.
Learn patience. Software delivery has its phases. First, everything has to be well thought out and designed. The team must be built. Then research and experiments are carried out. During this, the first source code can be written. Then the testing phase takes place. Only after all this can the network reach the public.
Testnet has been launched
Testnet has been running since the end of 2019. And it is a great success. The team expected an interest of about 100 pool operators. There are over 1000 registered pools. The network is stable and runs almost without problems. People’s interest in Cardano is huge. Community people are working on useful tools. Just check adapools.org or pooltool.io. Pool operators have no problem communicating with the team. All problems are gradually solved and many of them very quickly.
Everyone in the world can run their own node and become a pool operator. Who claims that Cardano is just a wallet, he should try it for himself.
Do you like smart contracts? Do you want to write one? Well, you can try it. Cardano will have Plutus and Marlowe. You can try both of them on the online playground.
No Lambo, sorry
Cardano’s not here to get you a Lambo. Charles promised to deliver the most decentralized network, secure smart contracts, project governance and resolved scalability. All based on scientific research. If such a network can be delivered and people adopt it, only then can we say that the team has succeeded. Will that affect the price of ADA coins? Definitely yes. The team must be fully focused on development. Not for the price. So do not complain about the price. Nobody is going to help you. Only you are responsible.
Summary
IOHK is one of the best teams in the crypto. There is a lot of work behind this team. Everyone can look at it. Nothing is patented. Everything is open-source. We cannot forget to Emurgo and Cardano Foundation. These entities, too, are completely transparent, and much work can be seen behind them. See for yourself. If someone doesn’t see it and claims that Cardano is just a wallet, he must be blind and deaf. The delays in delivering such complex software as Cardano are quite common. Rather, it would be appropriate to say that the team is moving very fast. Cardano has come so far that neither Microsoft nor IBM will be able to compete. Thanks to Cardano, the whole crypto will move up a lot and be more relevant. If you don’t believe anything we have written, you have many opportunities to check it out. So don’t believe us, verify yourself.
You can read the full article with all links and images here: https://medium.com/@Cardanians_io/cardano-is-not-just-a-wallet-2c27eab9fac7
submitted by Cardanians to cardano [link] [comments]

Telegram AMA - Summary

Telegram AMA - Summary
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Zhuling Chen
It’s always great to hang out in this group. This group means a lot to the Aelf community. It is the first Aelf community and has been there through all the ups and downs in the world. I would like to start with wishing everyone is staying safe at home during the virus outbreak. It definitely has been a difficult time for all of us, but together we can pull through it.
We understand that the situation is quite striking to all of us. But I really believe that the solution to the virus outbreak is about more global coordination and collaboration.
All of you to be assured, our team in different places are all safe and working from home as normal.
The Aelf team in Beijing were among the early ones experiencing the virus outbreak. As everyone was on the way home for Lunar New Year holiday and then experienced a total city lock-down followed by a 40 days’ work from home policy. It was definitely not easy for them, but our team stayed strong, took necessary precautions and focused on work with the right morale. Mappo has recently published some tips on how to work from home effectively based on our experience. Do check it out. Despite not working in the office since February, we have achieved great progress, including launching Aelf 1.0 preview, which is an important milestone in technical delivery and also the roadmap to mainnet launch (which listed out the essential steps for the community to work together to launch a successful public network)
Let's first talk about Aelf v1.0 preview. It is the cornerstone of the mainnet launch. The product itself has all the features that the public network is needed. The codebase has been reviewed and tested rigorously by the team. And a few highlights of how the network would look like:
  1. The code allows a stable and high throughput blockchain network to operate publicly.
  2. For developers, they will love how flexible the system is to be customized, the number of tools and documentation to help them start developing applications on the network
  3. For the whole community, the system is an ever-evolving one where the voting system is ready in place to conduct network-wide voting on various topics, such as transaction fee adjustment, network protocol upgrade, incentive adjustment, etc
  4. Aelf system is able to run multi-chain architecture where each side chain will host different applications and still ready to work with each other
So you may ask since the software is ready, why have we not yet launched the public network? The answer, in short, is that a public blockchain is launched not by a team but through a community effort and that's why we are coordinating the community effort based on the roadmap we proposed. Aelf team has launched the public testnet based on Aelf v1.0 preview and currently, all nodes are under the team. The goal is to let the community and elected nodes to take it over and launch it on a global scale. Not only launch it but also be familiar with the network and also set the launch parameters in a decentralized way. If we take a car as an example, we have made the car, but ultimately the drivers are you guys and therefore before it really hits on the road, we need to guide the community to do a test drive, adjust the car based on what really works for YOU, and ultimately let YOU drive the car freely and safely
So how are we going to help the community launch the network:
First of all, we have launched the codes, documents about the economic system and governance model and technical features. With all the things available, you are able to understand what the system is about, as a token holder what's your benefit in the system, and being a node in the system plays a big role in the governance
Next, without yet electing the nodes, we will get all token holders to join the current Aelf network through a mapping event. That means as long as you have Aelf tokens, you will be able to get 1:1 test tokens on the public testnet. that gives you full access to all the features, and you will feel like you are already using the mainnet. You will get rewarded in making transactions, voting, etc.
Do try out the Aelf wallet and voting features, you will see how easy to transfer tokens cross-chain. and also how flexible the system allows people to make changes. For example, the community may want to adjust the block rewarding parameters or fees to use certain services on mainnet, they can initiate a discussion and then vote in the system and once voted through, it will be reflected on mainnet.
For people or organizations that want to play a bigger role in the system, we will do a dry run of node election. Take it as the real node election before mainnet launch. We will see who the active members of the community are and being trusted by the community. Among the nodes, we will form a network launch committee. The committee will be the crucial party to oversees and ensures the smooth launch of Aelf mainnet, instead of just relying on the Aelf team. This is our step towards decentralization.
The committee will agree on the actual launch process, final checking all the parameters in the system to be ready for launch and then decide when the criteria are met to launch the network. Once all that is decided. We will invite all interested nodes to apply for the election and let the community know what's their plan to grow the Aelf network. the network will initially be launched with a few nodes from the committee and gradually be replaced by the selected nodes (a bootstrap phase). Along the way, we will work with exchanges to conduct token swap (which we are also designing an innovative system to further enhance security and usability of Aelf tokens in exchanges)
Among this isolated and worrisome time, at least we all have something to look forward to: a successful launch of Aelf network! Once it is launched, we are excited to see a vibrant and technically superior network that is good for Dapps to run on top of it.
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Doris Guo Q1: As a Blockchain start-up, what difficulties have you overcome when starting Aelf project? What motivates you to solve difficulties and achieve success today?
Zhuling Chen First, just like launching any start-up, its community and investors are usually regional. There is always some bias on if Asian projects are solid. It is really rare to have an Asian project to be supported by western funds and community from day 1. We were lucky to have overcome that obstacle. Having a global investor line-up from day 1. Having a global team from day 1 and also working with a global community from day 1. This benefited us to have an international perspective which is crucial in the blockchain industry.
Secondly, as a hardcore technology company, it is really hard to put in plain words what is our ambition. Our ambition is huge, achieving key innovations in multiple fronts of blockchain technology and organically combined them to serve real users for the future. Our marketing team has been working really hard to elaborate on what Aelf is. Now we have come to a point that the product is ready. Therefore, it is much easier for all of us to understand how solid Aelf is by trying out the network ourselves! That's exactly what the following events will be about - Try out all the exciting features of Aelf network before mainnet launch.
Doris Guo Q2: What critical problems do you see occurring in the blockchain industry nowadays? How does Aelf solve these problems?
Haobo Ma First, we need to distinguish the difference between BTC and ETH. One is Digital Cash and the other is the Smart Contract Platform. Aelf addresses most of the latter's problems. In short, it can be summarized as performance, end-user friendly, developer-friendly, network economy, and self-governance and upgrading. Each of these areas will probably take up a lot of space, and as a whole are the issues described in our two white papers. In short, Aelf is faster, end-users do not need to know the rules of the blockchain, developers can set up the development environment in 10 minutes, have a good economic model and can carry out proposal governance on the chain.
Doris Guo Q3: What is your long-term vision about the industry which Aelf is working at? Are you afraid someday there will be another project with more innovative technology can replace Aelf?
Haobo Ma Let's talk about where Aelf stands in the traditional Internet. It is essentially a cloud service provider, Aelf provides resources and infrastructure for developers to deploy their services, known as smart contracts. We eventually want Aelf to grow like AAA (Amazon, Azure, AliCloud). Because Aelf is a network that can be dynamically scaled, we can accept any new technology, some of the more advanced technologies we can put on a side chain.
Doris Guo Q4: Why did Aelf choose for cross-chain interaction?
Haobo Ma As I mentioned earlier, Aelf solves the Smart Contract Platform problem. However, there are other digital cash problems as well which we would need to use existing infrastructure such as Bitcoin's chain in order to interact with Bitcoin. There are a lot of infrastructures on Ethereum that we want to interact with. Multi-chain on Aelf network mainly is to isolate resources to improve network performance and network stability.
Doris Guo Q5: What difficulties do the Aelf team have now (I talk about COVID-19)? How does the Aelf team solve it? Have you changed the roadmap?
Haobo Ma There is no great impact. The teams in Singapore and Beijing are communicating with each other remotely on a regular basis. The only change is that most of us are now working from home which has no impact and in fact, it seems conducive to the acceptance of more community developers in the future to come. From the internal working schedule and development timeline, there is no great impact. We do not publish specific timeline as we do not want short term holders (traders) to create too much negative pressure on product development.
Doris Guo Q6: Aelf is an open-source blockchain, and there's the common problem of taking a substantial amount of time for the different participants to agree on strategic decisions. What types of governance models do you use in Aelf to address this issue???
Haobo Ma The issue is about public blockchain network, and who can decide the direction of the network. Our answer is long-term holders. For the short-term holders (traders), we refuse to allow them to participate in any discussion of the direction of Aelf because the short-term holders are likely to make a profit and sell quickly, which is essentially the same example of a person who cheats the President and then runs away for his personal gain. We defined a number of proposal processes, including the logic of the two-party system in the United States, and the participation in the referendum to ensure that the final proposal represents the majority. At the same time, we are looking for some legal solutions to avoid bifurcation, such as prohibiting exchanges from intervening in bifurcated new tokens. While we cannot limit a community, we should be able to find ways to limit a centralized organization. This restriction is akin to a ban on national secession.
Doris Guo Q7: How will Aelf empower Investors, Companies, Developers, Platform Users to deliver impactful solutions and bring value to people all over the world?
Haobo Ma We will learn from the operational experience of successful foundations such as the LINUX foundation and license some commercial companies to use Aelf solutions to solve business problems. At the same time, Aelf is an open-source product under the MIT License, and we accept any use that does not violate this open-source principle.
Zhuling Chen Let me add on to Haobo’s statement: to incentivize and empower the community, we are also exploring ways to let the community decide how to use the funds for Aelf (allocate to where it matters to our community) once mainnet is launched. This means you guys can decide what are the projects to be funded on Aelf, etc
Doris Guo Q8:When will the node campaign start? How will Aelf attract users to participate in nodes election?
Haobo Ma According to our published roadmap, the timeline can be dynamic, but I don't think it will be too long. The main idea is to let everyone understand what we envision Aelf to be like, and what are the rights and benefits of being a node in the future. We hope to find nodes that fully recognize the efforts of Aelf at the present stage and are willing to participate in the future development of Aelf. We will run a simulation of the node campaign on the testnet and set up a temporary mainnet launch committee. Please follow our official Twitter for more upcoming details!
Doris Guo Q9: Token swap form 2 is some kind of cross-chain transfer? It will be handled by a smart contract?
Haobo Ma It is handled by the smart contract, we define an asset cross-chain transfer protocol, but it may be opened after a snapshot.
Doris Guo Q10: Which Exchanges will support token swap? Do you have any plan to list Aelf in some big exchange like Binance, Houbi, Kucoin, .......?
Haobo Ma We are already in talks with some exchanges, there is still competition between exchanges, and many are still hoping to attract more users by getting access to mainnet token swap early.
Doris Guo Q11: Aside conversion of the current tokens to mainnet tokens, what other main features will be accomplished with the mainnet launch?
Haobo Ma We have a documentation file that has been published, which has listed some features: https://Aelf.io/gridcn/Aelf_public_testnet_and_supporting_features_introduction_en_v1.0.pdf
Doris Guo Q12: Do you have any plan to burn or buyback your coin?
Haobo Ma We have plans for the community to govern through DAO, we have no interest in short-term price incentive adjustment as we would prefer to drive the project to higher adoption. After mainnet starts operation, there will be a part of network revenue get destroyed automatically.
Doris Guo Q13: Often, as a newbie developer, I face difficulties on most blockchains. How easy and convenient is it for me on Aelf, and what programming language and tools are needed??
Haobo Ma We set up staging for DAPP developers on GitHub and configured CI. Develop a smart contract using C# with React Native on the front end. So, in fact, developers can fork the source code without setting up the environment locally, and you can conduct unit testing with the help of CI. You can also release the smart contract and generate the installation package of iOS and android online. https://github.com/AElfProject/Aelf-boilerplate
Doris Guo Q14: What is the progress of business development and what are some of your commercial partnerships? How will Aelf rapidly develop the number & performance of DAPP?
Haobo Ma First of all, the blockchain industry is still fairly small and users with ETH and EOS wallets are considered a very small group and its not effective to even promote within these groups. What we need to consider is how to enable users who have never been exposed to blockchain to use DAPP. The competitiveness of Aelf is to make it easier for Aelf developers to promote their DAPP to ordinary users, rather than to teach ordinary users a lot on blockchain knowledge. The average user doesn't like to hear about private keys, mnemonic, Gas Price, RAM, CPU, etc. Only until we solve such problems, companies that need to solve problems through blockchain will be more inclined to use Aelf in technology selection. Therefore, our main work is to explain the competitive advantages of Aelf, ETH and EOS to everyone. We have some business cooperation’s, but we also believe that simply through case-by-case business cooperation will not be able to gain adoption so quickly, therefore we still need to put our products to stay ahead of the next generation.
Doris Guo Q15: What other activities can encourage more people to be confident about Aelf?
Haobo Ma We are only going to state the truth by having those that have faith in us to stay and those that don't to leave. The development of Aelf is not driven by a single foundation, but by a steady stream of contributions from the community. In the future, we will also place the activities in the DAO for on-chain governance, and let the community make decisions by itself.

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Kun Aguero As you know that in the present market situation many new coins or either dying or thriving for liquidity? How will you manage this liquidity problem?
Zhuling Chen Aelf started in 2017. we have gone through a few cycles in the market, still, remember the big down period in 2018-2019. Aelf is financially solid and the team has always been working hard. if you are referring to liquidity in exchanges, we are among the lucky ones that are listed in all major exchanges
Xinshu Dong Hello, great discussions! I would like to ask what are the criteria to join the committee for launching the mainnet? Would love to participate
Zhuling Chen Hi xinshu, great to see you here. The committee will be chosen among the nodes elected during the testnet dry run. Which means, it is really important to participate in the testnet dry run and also start to establish your reputation in the community so that people will elect you as a node. The detailed criteria will include what is your plan to help Aelf to grow, tech competency and reputation.
An Da What are Aelf’s achievements in 2019? Who had supported you to get those things?
Zhuling Chen To name a few, in 2019, Aelf is one of the most active projects on GitHub. This means Aelf is evolving and improving fast in this space and our team has the tech strength. In addition, we have also successfully listed on all major cloud service providers, such as AWS, Azure, Google. So large companies can easily launch Aelf side chains in their organization with minimum hassle.
John How does the voting for master nodes candidates occur? And why is the development of this system important for your project?
Zhuling Chen Voting is going to be pretty simple. All token holders can vote for the nodes they support on our block explorer.
Miha After mainnet lunch, how will you assure that transactional fees will stay low? We know what sometimes happens to fees on ETH blockchain.
Zhuling Chen First of all, due to the fact that is Aelf is scalability, this will reduce transaction fee. Secondly, all transaction fees will be voted by the nodes (which will be elected by you). So they will represent your interest
Bobbyfernandito Currently, as we see All projects are concerned with the speed and security. So, tell us here - what are the facilities Aelf provide to their user and investors?
Haobo Ma Security: we have an automated smart contract code audit. During contract deployment, production nodes and the community audit participation are required. On the other hand, we are also planning to provide a standardized model of centralized exchange access for 100% asset certification and emergency measures to deal with exchange attacks, which we will be released later. Speed: Aelf has been working on improving performance, which is transparent to users which they can also experience by themselves.
An Da What effect does Aelf token have on the Aelf ecosystem? Holding Aelf, what benefits will users receive?
Zhuling Chen Holding ELF enables you to use all the services on the Aelf network. ELF has a deflating system where the total amount will reduce as the network grows. token holders can also vote for the nodes to run the network and also vote for big decisions in the network. part of the fees in the system will also be distributed to token holders via a smart contract
ahihi132 Which companies do you view them as potential partners and that they are somewhat also beneficial for both the user base and Aelf itself?
Zhuling Chen Great question, if I could write a wish list, that will be: let medium-sized financial institutions to use Aelf to challenge the big boys. Let telecommunication companies use Aelf for micro-payment and other innovative business models. We also would like to try out a few public sector projects, which blockchain will is still more transparency and trust
Misun Q1: Which programming languages are you using in your project? And why? Q2-What are another big MILESTONES you have planned for 2020 roadmap and how are they supposed to benefit your costumers? Will it be an exciting year?
Haobo Ma For Q1: We mainly use C# for development, I personally like it. Performance is good, development environment IDEs are strong, and C# creators are influential in the industry. We believe in the right thing, though it may take a while to develop. The smart contract will then add support for multiple languages, such as WebAssembly, depending on the needs of the community. Now it seems that C# is enough.
Hambi crypto Which platforms are your competitors? How will you soar above them, and what better things do you offer than them? So, What’s your outlook on the future of cryptocurrencies in this year and next few years?
Haobo Ma As I have already mentioned this before, Eth and Eos. We provide better performance, cross-chain support (already implemented), end-users do not need to know the details of the blockchain, developer’s payment models and so on.
Floris-Jan What plans is Aelf making to prevent centralized exchange to take over the DPoS algorithm like what happened to Steem? Are we talking about blacklisting exchange wallets, or having the foundation say "No", or putting all trust in the community?
Zhuling Chen Great question, Floris. I’m not going to give away all the details of what Haobo has proposed to work on this, but in a nutshell, in Aelf system, exchange wallets will not be allowed to vote, but only the sub-wallets for each individual can vote. This will also help exchanges to prevent hacking and theft in the future
Alex What your plans in place for global expansion, are Aelf wallet focusing on the only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?
Haobo Ma Our core focus will be through the developers to promote, developers will help Aelf to attract more users. So our product has to be attractive to developers. Just like AWS, they only focus on getting their service right, their developers will think about how to promote it. We don't want to burden them in their promotion process.
Ellkay What do you think are the major threats and barriers that could face the development and adoption of Aelf?
Haobo Ma If I'm a DAPP developer and I need to promote my APP to people who don't recognize blockchain, then I'd like to choose a platform that doesn't have to explain a lot of blockchain details to the end-user, so they can use it easily. We've provided some options in the Boilerplate that allow you to log-in simply via QR code + Password, and our recommended Dapp is an independent wallet and a separate iOS/Android application.
ahihi132 Give me some important reasons why we need to hold Aelf token where in fact hundreds of projects failed and it went to bankruptcy or even developers run when they collect millions/billions of funds?
Haobo Ma First of all, we will not give any suggestions as we only describe the fact that the long-term token holder will be able to govern the Aelf network, get Aelf mining reward and Aelf network profit. At the same time, Aelf network is a deflation model, Aelf network received transaction fees, profit dividends will immediately destroy 10% etc. All investments are risky, and we don't judge the behaviour of other developers. There are so many things in this world that cannot be understood and unfair. It is important to do our job well. I cannot explain these things.
见愁 I remember that boss Ma mentioned to only find those truly innovative applications and enterprises with blockchain, how to find and win partners in these aspects?
Haobo Ma When Linus was developing Linux, I did not think he would find a lot of collaboration when the code was not good. The response we can give is that we already have a lot of interest in cooperation, including what we have announced, what we have not announced, etc.
见愁 How interested are cloud computing providers in participating nodes?
Haobo Ma The vast majority of our nodes should be using cloud services, and as long as a large number of our 17 nodes and other candidate nodes are based on cloud services, our network robustness is determined by these cloud computing providers. Of course, in the expansion, we can also use cloud computing services.
submitted by Floris-Jan to aelfofficial [link] [comments]

List of useful Bitcoin Cash websites

I've been following this sub for about a month or two and I see there are large variation of BCH websites. However I couldn't find one place that gather them so I decided to start here. Please add other services and websites in comments. Hopefully it will be made as a wiki page.

BCH price

BCH News

BCH Community

BCH Wallets


BCH Utilities


BCH paper wallet generators

BCH Privacy

BCH Fee viewer

BCH Technical informations and statistics


BCH merchant directory


BCH Merchant directory (physical)

BCH ATMs

BCH Transaction visualization

BCH Jobs and freelancing

Bitcoin Cash development

Built on BCH

Fun


One competitor subreddit have a side bar with large variety of services based on their coin. I think similar thing could be implemented here alongside a wiki page
submitted by Damascene_U to btc [link] [comments]

[For Hire] Crypto-Currency / Blockchain Developer -- Experienced and Professional


Just finished developing out a larger wallet platform, so thought I would throw this out there. Briefly, 38 year old Canadian, 19 years high paced and professional experience within online software, with 8 of those years being bitcoin / crypto-currency. I'm the type who knows the protocol inside out, key generation and management, the cryptography to generate addresses and sign txs, BIP32, multi-sig, the message protocol to communicate directly with nodes on the P2P network, etc.
Well versed with online security, and excellent at non-custodial wallet systems where every user gets their own BIP32 wallet and funds are user segregated. Have done dozens of these operations, everything including traditional exchange, P2P exchange ala Localbitcoins, multi-vendor marketplace, merchant payment gateway, secure web wallets, coin mixers, lottery site, block explorer, jobs board, eCommerce, and the list goes on. Can do anything in your imagination.
You can view details of a base system at: https://envrin.com/secure_wallet
Demo admin panel at: https://demo.envrin.com/admin/
For a better idea of who I am and my skillset, I created Apex at: https://apexpl.io/
And if you want an idea of how in-depth I go into the protocol, I wrote an article at: https://apexpl.github.io/bitcoin_cash_sv_abc_transaction_signatures.html
Speaking of that, can now offer full support for the Bitcoin Cash / SV / ABC protocols, plus any Bitcoin deratives. Don't have ETH just yet, but that can be easily added in if your operation requires it.
If you have the desire to jump into the crypto-currency / blockchain game, and need a comprehensive, secure and scalable solution for your operation, I'm your guy. More than happy to provide you with consultation, and answer any questions you have. Rate is $50/hour, and you may contact me any time via PM here, or e-mail at [email protected].
Thanks, and looking forward to hearing from you, and getting you setup with a quality crypto-currency operation.
submitted by Envrin to forhire [link] [comments]

Fore Hire - Crypto-Currency / Blockchain Developer -- Experienced and Professional

Just finished developing out a larger wallet platform, so thought I would throw this out there. Briefly, 38 year old Canadian, 19 years high paced and professional experience within online software, with 8 of those years being bitcoin / crypto-currency. I'm the type who knows the protocol inside out, key generation and management, the cryptography to generate addresses and sign txs, BIP32, multi-sig, the message protocol to communicate directly with nodes on the P2P network, etc.
Well versed with online security, and excellent at non-custodial wallet systems where every user gets their own BIP32 wallet and funds are user segregated. Have done dozens of these operations, everything including traditional exchange, P2P exchange ala Localbitcoins, multi-vendor marketplace, merchant payment gateway, secure web wallets, coin mixers, lottery site, block explorer, jobs board, eCommerce, and the list goes on. Can do anything in your imagination.
You can view details of a base system at: https://envrin.com/secure_wallet
Demo admin panel at: https://demo.envrin.com/admin/
For a better idea of who I am and my skillset, I created Apex at: https://apexpl.io/
And if you want an idea of how in-depth I go into the protocol, I wrote an article at: https://apexpl.github.io/bitcoin_cash_sv_abc_transaction_signatures.html
Speaking of that, can now offer full support for the Bitcoin Cash / SV / ABC protocols, plus any Bitcoin deratives. Don't have ETH just yet, but that can be easily added in if your operation requires it.
If you have the desire to jump into the crypto-currency / blockchain game, and need a comprehensive, secure and scalable solution for your operation, I'm your guy. More than happy to provide you with consultation, and answer any questions you have. Rate is $50/hour, and you may contact me any time via PM here, or e-mail at [email protected].
Thanks, and looking forward to hearing from you, and getting you setup with a quality crypto-currency operation.
submitted by Envrin to Jobs4Bitcoins [link] [comments]

The whole Ambrosus AMA in one Post

1) For ensuring the possibility that Ambrosus can be successful in achieving its objectives, what can the community do in order to try and facilitate this? Is there anything that you would like to see people doing more/less of to support the project?
1) If you have connections at any companies that manufacture/distribute food/pharma/chemicals/luxury products, make an intro (rewards available); 2) if you know any consultancy/ICT companies/integrators, introduce them to our tech/code to possibly develop Joint Value Proposition**
3) if you are a dev, contribute to our code; IoT enthusiast - then expertiment using our tech; 4) if you are an entrepreneur launching startups, consider launching it on AMB-NET (support/financing available from dev pool); 5) just generally educate others about #ambrosus. Thx
https://mobile.twitter.com/yashilou/status/1065572906040737793
*....info on releases of partnerships etc. What is the aim for the next 6 months with regards to promoting the brand even further to reach more potential community members? *
1/ Presently we promote the brand via PR (placement in top-tier media, thought leadership), attendance of high-profile conferences (industry / crypto), holding various meetups, online promotion of brand, community engagement, interactive social media. Next year we want to have
more personalised/targetted communication towards individual verticals/sub-industries, with detailed corporate USP, tailored pricing, commercial aspects; we are also fostering consultants/entrepreneurs around Ambrosus with narrow focus who will approach individual industries.
https://mobile.twitter.com/angelversetti/status/1065947465944363008
3) Can you give an update on the current PoC's? What do you estimate to be the probability that the clients will continue once the PoC's are done? How is the general feedback regarding the solutions you are offering them?
We primarily hire additional people to specifically work on delivery and execution of projects. I think PoC is not necessarily the right term to use, because it implies that the tech is unproven and the concept itself needs to be proved (hence proof of concept, PoC), on our 1/...
side we are talking about industrial projects (some of them can be called pilot projects), whereby we actually integrate our tech into supply chain operations. The feedback we are getting on that is overwhelmingly positive and we are developing larger-scale proposals with partner
https://mobile.twitter.com/angelversetti/status/1065948382634672128
5) Random q: Was the number 361 million tokens chosen because it represents the km² of the ocean/was there another motivation for choosing that no. in particular? And, what was the logic behind that number of tokens chosen rather than, say 100mn/1 bn?
actually this number resulted from the smart contract, based on emission of AMB, which in turn was based on ETH incoming.
https://mobile.twitter.com/angelversetti/status/1065949442413666304
DHelix85: If you applied for a node in the 1st wave (not accepted yet) and now wish to upgrade to a bigger node, can you replace your intial application with the new one and not drop to the end of the queue?
I think a new application should be submitted, the applicants will be cross-checked with old lists, so no risk of being at the end. We have now placed one person full-time to deal with masternodes applicants (Aleksandra), to help the dev team stay focused on building $AMB-NET.
https://mobile.twitter.com/angelversetti/status/1065949908702773248
1) Angel, what do you think is necessary to take Ambrosus from 0 to 10k bundles a day?
2) And to take it from 10k to 100k bundles daily? How do you see the company getting there?....
We are now actively modeling the pricing structure and transactions on chain. Firstly, for many business use-cases a bundle does not have to be full to make sense (e.g. a luxury watch producer may use 1 bundle for 10 watches, at 1$ per watch, which makes sense for them 1/...
similarly, for containers or individual units the bundling processes may be different. So, it should not be assumed that the full 16k+ transactions need to be filled to dispatch a bundle. Our current projects help us to optimise the total number of bundles/transactions for AMBNET
https://mobile.twitter.com/angelversetti/status/1065950293236551681
3) When Ambrosus is doing, let's say, over 100k bundles a day, do you think your job as CEO will be different than now? How?
I am very impressed with what AMB has achieved so far, in so little time. Congratulations to you and to the whole team!
Hard for me to speculate, but I think the core aspects of Ambrosus will remain the same, only the complexity of scaling will of course make the network less nimble. Our minds are preoccupied with assuring true decentralisation in all senses of that word
https://mobile.twitter.com/angelversetti/status/1065952712444006401
Will the Apollo node auctions start in November or not until Q1? Both have been stated during timeline updates.
I think the dev team are tweaking a few parameters and have also ordered another cybersecurity audit for AMB-NET to try and break it. On this side they push the Better Safe than Sorry narrative, with which I have to agree..
https://mobile.twitter.com/angelversetti/status/1065953205752864769
What is the most important difference between amb and other projects with similar goals?
Our intimate knowledge of BOTH #blockchain and #IoT. The foundations of the $AMB-NET architecture were built with IoT in mind. Most other projects are trying to stitch two technologies together, without having proper understanding of either blockchain or iot
https://mobile.twitter.com/angelversetti/status/1065953692334137345
AMA -- When would you think may can release new road map for 2019-2020? What's your time frame may could starting sign contracts with the long term partnership corporation of using your product and also starting have revenue? Thank you very much.
we already have a roadmap/vision for 2019, we now go through the structural/cosmetic changes and are also debating whether to release it end of this year, or early 2019. Negotiations for long-term contracts are currently ongoing.BTW the network itself should run without Ambrosus
https://mobile.twitter.com/angelversetti/status/1065954552627765248
#AMB_AMA Q: How closely is the success of the Ambrosus protocol tied to the growth of the Ethereum ecosystem and their progress towards scalability? ...would a different base-layer protocol ever be an option?
We do not use Ethereum as base-layer protocol. This was the case at the very early stages of Ambrosus. We now have our own architecture, with our own scalability/IoT/storage solutions. We cooperate a lot with ETH stakeholders, but AMBNET does not depend on their progress/success
https://mobile.twitter.com/angelversetti/status/1065954890692919297
#AMB_AMA I would love to better understand the uniqueness of Amber as "the first data-bonded token." Q: Does Ambrosus have any posts/articles/case studies out there to better describe the possibilities and uniqueness of this new architecture?
our white paper is very outdated, please refer to (link: http://blog.ambrosus.com) blog.ambrosus.com for all the latest developments / updates to architecture, cryptoeconomics and more. We will release a new paper in the foreseeable future that as a single document will perform the WP function
and yes, all the use-cases you are talking about are also discussed at length in our blog , which i in general recommend to everyone following the project to follow, as it contains all the up to date and relevant info/content on the project.
https://mobile.twitter.com/angelversetti/status/1065955293023088640
#AMB_AMA Q: What does the recent Securities and Exchange Commission court ruling mean for the AMB token? Will Ambrosus be registering $AMB token as a security with the SEC... or filing as an exemption?
We carefully avoided all the interactions that would put us under the jurisdiction of the SEC. For future interactions, our legal team will assess and act as appropriate.
https://mobile.twitter.com/angelversetti/status/1065956124455776258
Can you tell us more about the different revenue streams of Ambrosus now and in the future? (E.g AMB-NET, Sensors, Consulting or IT Integration work)
The key focus for us right now is to make AMB-NET a self-sustaining network that could operate without support of any third party, including Amrbosus. Thus sensors, consultancy, IT integration we leave to partners and focus on the blockchain to run irrespective of revenues
https://mobile.twitter.com/angelversetti/status/1065957306020569088
There has been some talk of the sec cracking down on certain ERC20 tokens. Is this a concern at all? How well equipped is Ambrosus legally and financially?
already answered on sec below. as for the legal, it's immensely complicated in crypto, and we leave it to the professional teams to take care of our legal/compliance, while we focus on the tech and delivery
https://mobile.twitter.com/angelversetti/status/1065957796875780096
Looking forward to hear ETA for swap from erc20 to native Amber tokens and how? Also wondering when will we be able to start Atlas nodes freely without invitation? Lastly when moon sir? :)
this is a better question to the dev team. For me, I want it to happen now, but it's not feasible technology-wise. I think permissionless onboarding for Atlas nodes will be possible in Q2 2019. Full moon is today, next one 22 dec
https://mobile.twitter.com/angelversetti/status/1065958297352716290
Can we see somewhere in the eth explorer how are the amb tokens moving from erc20 to native amb token on amb-net? Is more tokens floating from or to amb-net?
the bridge for real AMB/AMBERC20 has not yet been released on mainnet, as they are still testing it on test net. On nodes you already can play with TESTAMB. The dev team are doing a new security audit on AMB-NET, so after that they can launch the bridge, it will be visible on eth
https://mobile.twitter.com/angelversetti/status/1065958759409819648
What impact, if any, does the current state of the crypto market have on a companies willingness to implement Ambrosus' blockchain supply chain solutions?
our discussions with corporates seldom involve the discussion of the crypto markets. we focus on the tech and integration with them, not the value of various digital assets.
https://mobile.twitter.com/angelversetti/status/1065959004034215936
1) Do you think the number of partnerships will increase?
2) How is the masternodes going now? The both of the test net and main net working well?
3) When will the AMB-NET 2.0 (industrial grade one) be launched?
4) How many bundles are the publicly announced 5 partnerships generating currently and how do you think the possibilities that they increase it in the coming months?
5) What are the assumed number of Atlases for 1k, 10k, 100k bundles respectively?
6) How many applications for the masternode have you got so far? Could you provide us with the estimated number of the running nodes in the future?
7) If the number of masternode far exceeds the estimated number, will you cap the number of it?
1/ if I didn't think that, I would not be involved in the project.
2/ going well, talk to onboarded people on slack/tg to get their insights
3/ as per dev team's roadmap should be end of this year
4/ see my answer on bundles below
5/ not sure what you mean by this question. There is an upper limit of the number of bundles an Atlas node could host, which is defined by the technical imperatives outlined by the dev team
6/ we are well into the 4digit numbers with the number of applicants who submitted full applications to be a masternode operator. I am personally looking at a few hundred apollos and about 10 thousand atlases in the future, but we have some tech team members arguing for limiting
7/ the numbers for stakes in masternodes were designed in such a way as to never reach the point where we would have to cap any numbers
https://mobile.twitter.com/angelversetti/status/1065959353575006208
1) In a scale from 1 to 10, how do you think that the adoption of AMB-Net is going so far?
I am a biased party to ask for such an assessment. I am also a perfectionist and thus I am never satisfied with anything so there could not be a perfect score anyway
https://mobile.twitter.com/angelversetti/status/1065961119246925824
2) Can we expect more commercial partnerships in the near future (next 2-3 months)?
yes, we are working on a few interesting deals now
https://mobile.twitter.com/angelversetti/status/1065966085172862976
3) What is a rough ratio between companies wanting to run their own Hermes node (pay in crypto) vs companies wanting someone else running the Hermes node (paying in fiat)?
most large corporates want to run and host their own nodes (for data ownership/ privacy, amongst other reasons), whereas the SMEs have a tendency to require a BaaS type of support
https://mobile.twitter.com/angelversetti/status/1065966412743753728
4) Which of the upcoming milestones of Ambrosus are you the most excited for and why?
Execution of transactions between IoT devices in a smart city in a decentralised and autonomous manner (long-term). All masternodes onboarded and maintaining the network independently (mid-term). First ICO to accept $AMB (short-term).
https://mobile.twitter.com/angelversetti/status/1065968212104355841
5) What could be the biggest catalyst for adoption of AMB-Net in your opinion?
more nimble SMEs/startups adopting innovative technologies such as $AMB-NET and showing great growth due to consumer trust/choice and improved business operations should cause large enterprises to speed up their adoption of such technologies
https://mobile.twitter.com/angelversetti/status/1065968899034886144
#Ambrosus AMA
Have you ever been approached by any Japanese companies?
What do you think would be the hardest part when you try to get adoptions from Japanese companies?
We had a few invitations to various corporate accelerators and/or public sector sanctioned business programmes in Tokyo. Unfortunately, the stipulations included the senior team moving to Japan, which was not an option. Thus so far we have not had much involvement in Japan.
https://mobile.twitter.com/angelversetti/status/1065969297284112384
1. What is your biggest concern for ambrosus success as a whole? 2. What can the US community do to help spread awareness and help ambrosus succeed here?....
1/ to what extent corp management and even the end consumers care about true decentralisation. Ultimately, it seems few people are bothered that IBM or Ripple are not truly decentralised/trustless, and they still adopt their tech... 2/ see my response on the community help below.
https://mobile.twitter.com/angelversetti/status/1065969864161091584
3. What is the status of my resume? (self-plug haha but seriously I've been trying to work on your dev and full stack or front end developer team for some time now!) - from a strong and passionate developer, Mannan
the dev team reviewed it and right now it does not suit their needs. Vlad told me he replied to your enquiry
https://mobile.twitter.com/angelversetti/status/1065970873893564416
Are you going to fix the issue with Storage Limit for Omega masternode in the contract config that was posted on reddit and github?
I am not personally creating code for masternodes. I think such a request is best made via github and the dev team will fix this, if it needs fixing
https://mobile.twitter.com/angelversetti/status/1065971263301185541
Are you having any goal till January in terms of new clients just like you gave a count of 5 for october?
not till january, because it's christmas time and most corporates are busy with end of year issues and then vacations. see my other reply below on a similar question. in short, we do have other ongoing initiatives. i have made changes to our business team to better achieve goals
https://mobile.twitter.com/angelversetti/status/1065971557007269888
Ambrosus' mainnet will launch soon and thus the native blockchain it's running on. Ambrosus is also planning to release wallet applications and handle the token swap....
yes, in the latest blog entry from Vlad, you can see that a Wallet for native AMB is coming. as for the swap for the foreseeable future we envision a two-way bridge between native AMB and ERC20 to ensure compatibility, while we build infra for native AMB
https://mobile.twitter.com/angelversetti/status/1065971915989413890
Can you tell us a little bit about how (in your experience) companies currently see Ambrosus compared to other blockchain supply chain solutions like vechain, Ibm one etc. (like a mini market analysis...)
most corporations we deal with are not aware of vechain or other crypto projects' existence. they usually compare us to IBM, Oracle, EY Blockchain, etc. They see our unique IoT architecture and expertise as USP, which others, even the big guys do not necessarily have.
https://mobile.twitter.com/angelversetti/status/1065972439702798337
Can you tell us a little bit about how (in your experience) companies currently see Ambrosus compared to other blockchain supply chain solutions like vechain, Ibm one etc. (like a mini market analysis...)
Which sensor from your innovation lab excites you the most, and why?
what is the biggest challenge/deal breaker when trying to sign up customers?
I am very interested in the sensors that are able to process data in a trusted enrivonment and sign transactions on the blockchain at the sensor level. according to Innolab, such sensors can become like lite clients of the blockchain, enabling any IoT devices to be blockchain nod
answered below where i talked about education for top management about real blockchain vs decentralised constructs with a single point of control and failure. most people are either unaware of the distinction or do not care much about it, so long as blockchain buzzword is there
https://mobile.twitter.com/angelversetti/status/1065974008292745218
In a scale from 1 to 10, how do you think that the adoption of AMB-Net is going so far? Can we expect more commercial partnerships in the near future (next 2-3 months)? What is a rough ratio between companies wanting to
all these questions answered below
https://mobile.twitter.com/angelversetti/status/1065974532035551232
What is the baseline of the size of companies you would work with regarding the revenue?
I will put a contact form in my website so that Japanese companies can more easily ask me about Ambrosus in Japnese.
actually we have value proposition both for small and large companies. Big companies are nice because they offer scale but are slow, whereas small companies compensate for their size with their nimble approach and ability to adapt processes faster. Thus both are interesting to us
https://mobile.twitter.com/angelversetti/status/1065978121856475136
Q: Angel, with Devcon4 behind us, what are you thoughts on Ethereum's progress towards scalability?
Q: Does the success of the Ethereum ecosystem matter much to Ambrosus' developers? Would a different blockchain base-layer protocol ever be an option?
1/ I have always been a fan of Ethereum community, in terms of a large number of thinkers and visionaries they have gathered. Unlike EOS/Tezos who seem to try to buy communities with money, or IBM who are plain boring, Ethereum is truly about experimentation and bold vision...
many great proposals to scalability of Ethereum. Of course they keep pushing the deadline and are vague on any timeline of execution, but let's be frank, who isn't? They also succumbed to the hype last year, but vision is limited only by imagination, while execution has friction
thus, all tech needs time. I do believe there are enough people with vested interest around Ethereum technology and a lot of visionaries who cannot be simply bought off (although I guess every person has their sale price...), so I am hopeful of Ethereum's future
We do not directly depend on Ethereum's success/failure, but of course we are heavily intertwined with many leading stakeholders from the ecosystem. We are influenced heavily by the tech, perception, markets, successes/failtures of Ethereum as spillover effects. AMB-NET is built
on solidity framework and uses many elements from Ethereum, so where needed we are happy to borrow more of their open-source code - and then also share our improved/updated code with other projects. So yes, when others are doing well, we are also doing better. Of course all the
uncertaintly and badmouthing that ethereum is experiencing does not help us, but now the pendulum of the crypto has swung towards panic, delusion, despondence and blame-game - which too shall pass - we aim to prove our point and deliver the tech that works and improves the world.
https://mobile.twitter.com/angelversetti/status/1065978675135434752
thank you very much for the AMA session everyone. We appreciate having a strong and curious community who come up with strong contributions and have critical thinking. Until next time. In the meantime enjoy my latest interview with @Independent on #bitcoin
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-usd-2018-crash-analysis-stock-cryptocurrency-bubble-burst-dotcom-a8648296.html
https://mobile.twitter.com/angelversetti/status/1065984937281667072
submitted by skythe4 to ambrosus [link] [comments]

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